Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by HRT Financial LP

HRT Financial LP trimmed its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 22.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,539 shares of the utilities provider’s stock after selling 27,887 shares during the period. HRT Financial LP’s holdings in Brookfield Infrastructure Partners were worth $3,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BIP. The Manufacturers Life Insurance Company raised its holdings in shares of Brookfield Infrastructure Partners by 18.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,460,428 shares of the utilities provider’s stock worth $417,056,000 after purchasing an additional 2,134,502 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Brookfield Infrastructure Partners by 66.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,784,382 shares of the utilities provider’s stock worth $86,249,000 after purchasing an additional 1,116,123 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of Brookfield Infrastructure Partners by 6.3% during the fourth quarter. 1832 Asset Management L.P. now owns 15,750,231 shares of the utilities provider’s stock worth $488,100,000 after purchasing an additional 938,006 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,344,597 shares of the utilities provider’s stock worth $420,203,000 after acquiring an additional 685,194 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Brookfield Infrastructure Partners by 21.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,394,334 shares of the utilities provider’s stock worth $114,695,000 after acquiring an additional 594,448 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $31.63 on Wednesday. Brookfield Infrastructure Partners L.P. has a twelve month low of $30.03 and a twelve month high of $42.93. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 1.10. The company has a 50-day moving average of $34.00 and a 200-day moving average of $34.50. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 95.85 and a beta of 0.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.28). Brookfield Infrastructure Partners had a net margin of 2.34% and a return on equity of 1.42%. The business had revenue of $4.26 billion for the quarter. Analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.04 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.382 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.53 annualized dividend and a dividend yield of 4.83%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 463.64%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BIP shares. Royal Bank of Canada dropped their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. StockNews.com started coverage on shares of Brookfield Infrastructure Partners in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wells Fargo & Company dropped their price objective on shares of Brookfield Infrastructure Partners from $41.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.